ON Holdings Third Quarter Earnings and Business Deep Dive

Big Picture Investing with Kevin McCormick by Kevin McCormick

Episode notes

On Holding AG, a sportswear company, reported its financial results for the third quarter and nine-month period ended September 30, 2024. The report highlights record-breaking net sales and profitability, driven by strong growth in the direct-to-consumer (DTC) channel. On increased its full-year 2024 net sales growth outlook to at least 32% on a constant currency basis, fueled by its brand momentum, operational excellence, and increasing global brand awareness. The report also includes details on the company's financial performance, including net sales, gross profit, net income, and adjusted EBITDA.